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10min chapter
Red Lobster’s bankrupt-sea
Today, Explained
Red Lobster's Failed Endless Shrimp Promotion
The chapter explores Red Lobster's unsuccessful promotion of endless shrimp for $20, resulting in a significant loss of $11 million. It discusses the challenges of bottomless promotions, fluctuating shrimp prices, and the impact of economic conditions on consumer spending.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode